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Mar 10, 2016
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let's go to julia in frankfurt. a reminder we had five measures coming through from the ecb back in december, but the market really honed in on the deposit rate cut as being the one to focus on. >> reporter: well, louisa, good morning. i think the disappointment in december was due to the fact that there was great expectations. there had been a lot of chat from the ecb. i think the market believed they'd been misled. i think the ecb this time around has been very careful to not say too much about what could come today. they have plenty of options. in terms of qe, they could increase the number of asset purchases they do on a monthly basis. they could broaden out the collateral. they could extend the time horizon when we're looking at rates. they could also take the deposit rate further into negative territory, even talking potentially about tiering the deposit rate to try and offset some of the costs to the banks of this policy. as far as liquidity is concerned, we could see further long-term liquidity operations. n
let's go to julia in frankfurt. a reminder we had five measures coming through from the ecb back in december, but the market really honed in on the deposit rate cut as being the one to focus on. >> reporter: well, louisa, good morning. i think the disappointment in december was due to the fact that there was great expectations. there had been a lot of chat from the ecb. i think the market believed they'd been misled. i think the ecb this time around has been very careful to not say too...
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Mar 10, 2016
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the main event this morning is the ecb, which is meeting in frankfurt. policy decision is expected around 7:45 a.m. eastern time, and economists are looking for a possible cut in rates again. even below the negative rates that already exist with the european central bank widely expected to roll out more stimulus. we'll be hearing from ecb president mario draghi. that's coming up at 8:30 a.m. eastern time. ahead of the decision, the u.s. futures are sliektly positive. remember yesterday we did see some modest advances for the markets. six out of seven days in a row of gains for both the s&p 500 and the dow. this morning, the dow futures are up by about 23 points. s&p futures up by 3 1/2. the nasdaq up by six. let's take a look at the early trading in europe.
the main event this morning is the ecb, which is meeting in frankfurt. policy decision is expected around 7:45 a.m. eastern time, and economists are looking for a possible cut in rates again. even below the negative rates that already exist with the european central bank widely expected to roll out more stimulus. we'll be hearing from ecb president mario draghi. that's coming up at 8:30 a.m. eastern time. ahead of the decision, the u.s. futures are sliektly positive. remember yesterday we did...
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Mar 10, 2016
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he's holding that news conference in frankfurt. we're monitoring his comments and bring the headlines as they happen. the markets are up on that ecb action we heard just over about 35 minutes ago. >>> first though, if you take a look at the futures, dow futures are up about 147 points. s&p up by 18. nasdaq up by 47 on all this additional stimulus coming from the ebc. we'll get to in this a moment. in the meantime another great news maker on set. >> twitter co-founder biz stone is here. we call it #bestschoolday. more than 50 business leaders, celebrities and philanthropist are teaming up to flash fund donors in their respect home towns. that means teacher request for supplies, field trips and books and more entirely being funded today. biz stone is co-founder of jelly and most importantly is your birthday, sir. >> oh, yeah. i forgot. >> 43 years young. >> don't say. >> i'm in my 40s. i'm in my 40s now. >> it's the new 27. >> yeah. that's right. >> happy birthday. >> this is basically my birthday present. >> tell us what this birthd
he's holding that news conference in frankfurt. we're monitoring his comments and bring the headlines as they happen. the markets are up on that ecb action we heard just over about 35 minutes ago. >>> first though, if you take a look at the futures, dow futures are up about 147 points. s&p up by 18. nasdaq up by 47 on all this additional stimulus coming from the ebc. we'll get to in this a moment. in the meantime another great news maker on set. >> twitter co-founder biz...
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Mar 11, 2016
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julia chatterley joins us from outside the ecb in frankfurt. what have we learned since draghi announced all of those measures and made that odd comment which turned the markets around? >> morning, sara. i think you laid out the timetable really well there. the initial positive reaction when we were bombarded with new stimulus measures. then he mentioned in the q&a, the idea that rates aren't going to go any lower. they're going to take a pause here. i think that was what made people think, hang on a second, is that it now? they're running out of options and that's when we saw the optimism, we saw the euro spike. but i think we have to understand why he said rates aren't going to go lower. just prior to that, he mentioned the impact that negative deposit rates have on the ability of bank. he said at some point, there's a tipping point .you have to be careful not to have a reverse effect where the benefits are outweighed by the down side. so i think this was an effort to support the banks. then you look at some of the other measures, the four ye
julia chatterley joins us from outside the ecb in frankfurt. what have we learned since draghi announced all of those measures and made that odd comment which turned the markets around? >> morning, sara. i think you laid out the timetable really well there. the initial positive reaction when we were bombarded with new stimulus measures. then he mentioned in the q&a, the idea that rates aren't going to go any lower. they're going to take a pause here. i think that was what made people...
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Mar 11, 2016
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. >> julia chatterley joins us from frankfurt where she's been following every move from the ecb. it was the line we don't anticipate a further recollection that sent markets in a different direction. but today, the uk investors are starting to focus on what they have. >> well, it looks that way. it was the f xw markets that react to these or the euro rally to the point they were not looking to take rates any lower and that they didn't decide to tear deposit rates effectively to allow them further downside. but, k, they've given up points of currency depreciation in order to hone in on what they can do to get cash out to the real economy. so i think initially there was some confusion in the market. but i think given the sheer quality of detail and the measures that may apply here, it will take some time to understand. the deposit rate of 10 basis points, we got. we got the increase in monthly bas basis. and that message on not cutting rates further, i believe, instead of fueling the leg kill you get to a pick and tl tro, four-year money. and banks will be paid to lend if they can
. >> julia chatterley joins us from frankfurt where she's been following every move from the ecb. it was the line we don't anticipate a further recollection that sent markets in a different direction. but today, the uk investors are starting to focus on what they have. >> well, it looks that way. it was the f xw markets that react to these or the euro rally to the point they were not looking to take rates any lower and that they didn't decide to tear deposit rates effectively to...
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Mar 22, 2016
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the owner of the largest airport in frankfurt. as they go to brussels much favored by business travellers the owner of the underground tunnel that linked the u. k. with france is in negative territory as you can see. and of course tunisia in northern france. those campaigning for the u.k. to leave the european union june 23 seizing on the disaster are supporting their case for stronger immigration and border controls for britain although much of the pound's weakness may have to do with the existing political pressure on prime minister david cameron and a general desire to lighten up on sterling now that the referendum, scott, is three months within sight. back to you. >> simon, thank you so much. we want to stick with the european markets now and the impact today's terror attacks will have on europe and the future of the euro zone. greg anderson joins us live today from new york city. greg, welcome to the program. it's nice to see you today. >> it's good to be with you scott. >> as we look at simon run through the european markets
the owner of the largest airport in frankfurt. as they go to brussels much favored by business travellers the owner of the underground tunnel that linked the u. k. with france is in negative territory as you can see. and of course tunisia in northern france. those campaigning for the u.k. to leave the european union june 23 seizing on the disaster are supporting their case for stronger immigration and border controls for britain although much of the pound's weakness may have to do with the...
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Mar 29, 2016
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is there a genuine benefit from combining two capital markets in frankfurt and london? probably not. the real synergy is around the data side. >> and you mentioned the brexit debate there. the executives of lse and deutsche were quick to come out and say brexit wouldn't impact this deal, but would it pose some risks here? >> i think it does, absolutely. >> and when we talk about the european types here, the environment for m&a in europe is one thing, but we've also seen the real surge in m&a activity so far this year coming from foreign companies, specifically looking at u.s. firms here. anbang just the latest chinese firm trying to snap up a u.s. hotel group. is this a pattern you expect to continue? >> yes, i think so. at the moment what we're seeing -- in 2015, we saw over 5 trillion in m&a activity. we've had a slightly slower q1 this year, but there are mega deals in there, and it's coming from a broad base of deal types. one of those is the introduction of chinese capital. china's announced more deal by value in q1 this year than in all of 2015. the ability of chi
is there a genuine benefit from combining two capital markets in frankfurt and london? probably not. the real synergy is around the data side. >> and you mentioned the brexit debate there. the executives of lse and deutsche were quick to come out and say brexit wouldn't impact this deal, but would it pose some risks here? >> i think it does, absolutely. >> and when we talk about the european types here, the environment for m&a in europe is one thing, but we've also seen...
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Mar 4, 2016
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there's a lot of people thinking about this now in frankfurt. obviously december in a way was a disaster from the ecb perspecti perspective. we think they'll definitely have to deliver a cut in the deeper rate next month. markets are now pricing actually 30 basis points already. they have to do at least ten. keep the door open for more. and they have to basically announce they work on a tiered system that will basically have a first year where you're fully except, a third tier where you feel the full pressure of the negative rate, but then you have a second tier where you actually leave some leeway to banks that lend more and you basically give an incentive for banks to avoid the punishment of the negative rate by basically being more active and pushing credit into the economy. it will be very difficult for him. he at least has to deliver the cut and basically show he can do more. but it has been a game of expectations now that is very difficult for the ecb. >> this is becoming so complicated in terms of all the measures that are being put in pl
there's a lot of people thinking about this now in frankfurt. obviously december in a way was a disaster from the ecb perspecti perspective. we think they'll definitely have to deliver a cut in the deeper rate next month. markets are now pricing actually 30 basis points already. they have to do at least ten. keep the door open for more. and they have to basically announce they work on a tiered system that will basically have a first year where you're fully except, a third tier where you feel...
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Mar 16, 2016
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the firm is expected to maintain its headquarters in london and frankfurt. deutsche borse's ceo would assume the chief role at the new combined group. >> interesting story continuing to develop. still ise sitting on the sidelines. >> will they come in? >> the brexit vote coming up as well, adding a little political spark in the u.k. papers. interesting story to keep an eye on. let's have a look at some other stocks to watch today. chipotle announcing its comparable restaurant sales fell more than 25% last month after all of those food safety incidents. the burrito chain also saying it could lose up to $1 a share or more in the first quarter. >>> sony delaying the release of its playstation virtual reality system by several months. the move gives rival like oculus a head start over the next few months. flat today. >>> oracle posting earnings that topped estimates, though sales came in below consensus. the firm also announcing a $10 billion share buyback, up 4%. >>> a food and drug administration panel has backed a heart stint that dissolves a few years after
the firm is expected to maintain its headquarters in london and frankfurt. deutsche borse's ceo would assume the chief role at the new combined group. >> interesting story continuing to develop. still ise sitting on the sidelines. >> will they come in? >> the brexit vote coming up as well, adding a little political spark in the u.k. papers. interesting story to keep an eye on. let's have a look at some other stocks to watch today. chipotle announcing its comparable restaurant...
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Mar 2, 2016
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but in a speech in frankfurt, he added that negative rates complement the ecb's bond buying program and that they're studying the use of such policies in other jurisdictions too. he also questioned the banking sector's narrative, that their main challenges stem from monetary policy. now, moody's has cut china's credit outlook to negative from previous stable amid concerns over beijing's capacity to drive through reforms. despite this, the shanghai composite closed the session sharply higher. sri is in singapore for us. talk us through what we need to know heading further into our trading session. >> yeah, this was a big, big risk-on move in the asian markets. really led by japan and north asia, mainland china markets. i can't help but feel that we've seen risk on, risk off. it's almost like mr. miyagi and "karate kid." underlying stresses in our region have not gone away, largely external challenges and the pressures there. i continue to maintain these sort of gains are going to be fairly temporary, fairly illusory for the broader market. i don't think they can be sustained. anyway, let
but in a speech in frankfurt, he added that negative rates complement the ecb's bond buying program and that they're studying the use of such policies in other jurisdictions too. he also questioned the banking sector's narrative, that their main challenges stem from monetary policy. now, moody's has cut china's credit outlook to negative from previous stable amid concerns over beijing's capacity to drive through reforms. despite this, the shanghai composite closed the session sharply higher....
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Mar 30, 2016
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right at the 3,000 level, the dax in frankfurt and how it did today. up 1.6%, and our market was off to the races again morning, bob, but it has come back, just 78 points right now, so starting to recede a bit. up 1.35% which i think is an impressive rally, but people saying we're off the highs, bob, what else do these people want? let's review the bull case. low and rod matt economic growth, and we sure as heck have a supportive fed. for the bear case there's a lot to be said. >> see earnings expectation. >> thank you. four consecutive quarters. i hope you heard dom chu talking about that. there's certainly a lot to be concerned about. here's what i think. i don't think the market will go up anymore, but janet yellen is trying to put a floor on the market, for a lot of investors worried about revisiting the february lows, that's the -- call it the yellen foot, whatever you want to call it -- >> thanks, bob. going out with a gain of about is 1. roughly half of what it was. here's the big board today at the nasdaq. it's quinnipiac global asset managemen
right at the 3,000 level, the dax in frankfurt and how it did today. up 1.6%, and our market was off to the races again morning, bob, but it has come back, just 78 points right now, so starting to recede a bit. up 1.35% which i think is an impressive rally, but people saying we're off the highs, bob, what else do these people want? let's review the bull case. low and rod matt economic growth, and we sure as heck have a supportive fed. for the bear case there's a lot to be said. >> see...
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Mar 1, 2016
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remember last month london said it was in merger talks with the deutschein frankfurt. two previous attempts to join the european changes failed. clearly everybody is play in the exchange business. med tronic, blaming the strong dollar for lower than expected operating margins. one analyst says that figure is being used as a measure at how well they what they acquired one year ago in 2015. >> let's look at the s&p 500, still mired in negative territory despite today's rally. you would think stocks are cheaper compared to the beginning of the year but not so much. dominic chu is here to explain how and why. >> so if someone told you that the stock market today is more expensive, you would be thinking well, how? that's what jp morgan strategists are telling clients right now. even though the s&p 500 is around 4%, 3.5% lower than the beginning of the year, expected earnings for s&p 500 companies for the coming year are now lower as well. according to this report, earnings estimates for s&p 500 companies are down 6.2%, they've fallen more than the overall market. even thoug
remember last month london said it was in merger talks with the deutschein frankfurt. two previous attempts to join the european changes failed. clearly everybody is play in the exchange business. med tronic, blaming the strong dollar for lower than expected operating margins. one analyst says that figure is being used as a measure at how well they what they acquired one year ago in 2015. >> let's look at the s&p 500, still mired in negative territory despite today's rally. you would...
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Mar 22, 2016
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fraport is frankfurt, and some other german airports are inhe negative territory. you'll be aware we have the cross-border euro start train being canceled into brussels today for obvious reasons. this is the euro tunnel. the fixed link, the tunnel between france and the uk through which many of those trains travel. they are lower, but that may be one area that people can short the market. finally to the hotels and cruise lines. thomas cook is a travel agent, coming into teed it woday it wa concerning because there was a slowdown in bookings. a lot of that has to do with cuba and the united states. guys, back to you. >> thank you very much. interesting that we've seen transports for the most part get closer and closer into coming out of that correction territor territory. >> yes. a time where people realize where it was five, six times earnings, even though there was degradation in travel to texas because of oil and the strong dollar, they're still able to do well. fuel has since gone up. a lot of reasons to take profits after the bit of a run. we are still based on
fraport is frankfurt, and some other german airports are inhe negative territory. you'll be aware we have the cross-border euro start train being canceled into brussels today for obvious reasons. this is the euro tunnel. the fixed link, the tunnel between france and the uk through which many of those trains travel. they are lower, but that may be one area that people can short the market. finally to the hotels and cruise lines. thomas cook is a travel agent, coming into teed it woday it wa...
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Mar 10, 2016
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know what, let's go to steve liesman to bring us up to date on what mario draghi's actually saying in frankfurt. steve. >> yeah, hey, we're getting some conflicting comments from draghi, and the market, the euro is rallying again and is now above where it was before the statements came out, and the reason is because mario draghi said he does not anticipate further rate cuts. that, however, is one of only three things that he said about the future of rates. as i reported, he also said that rates will stay low for a long time, longer than march 2017, when qe stops. the second thing he said is we can go as negative as we want, although that suggests there is some lower bound, wouldn't give a number from what i could hear. then he said this other thing, he doesn't anticipate further rate cuts. so, that seems to have been the spark that led to a rally in the euro. and now the last i checked, guys, you probably have a better check than i did -- we started this whole thing at 1.09, came down at 1.08, now it's back about 1.10 right now. but up. >> and steve, clarify exactly what he said. this notion th
know what, let's go to steve liesman to bring us up to date on what mario draghi's actually saying in frankfurt. steve. >> yeah, hey, we're getting some conflicting comments from draghi, and the market, the euro is rallying again and is now above where it was before the statements came out, and the reason is because mario draghi said he does not anticipate further rate cuts. that, however, is one of only three things that he said about the future of rates. as i reported, he also said that...
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Mar 16, 2016
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the firm expected to maintain its headquarters in both london and frankfurt. and the deutsche boerse ceo will assume the role of the ceo of the combined group. there's talk that ise could come in and try to trump that bid. >>> other stocks to watch today, chipotle announcing its comparable restaurant sales fell by more than 25% last month after all those food safety incidents. the burrito chain also said it could lose up to $1 a share more in the first quarter. sony delaying the release of its playstation virtual reality system by several months. the move will give rivals like facebook's oculus rift a head start of several months. and oracle posting earnings that top estimates, though sales did come in below expectations. that announced a $10 billion per share buyback. andrew, i think you have the biggest stock story of the day. >> that's valeant. everybody is still talking about it. hedge funds losing an estimated $5.3 billion on the drug maker's stock meltdown. in total, shares plunging more than 50% after valeant said it risked defaulting on its $30 billion
the firm expected to maintain its headquarters in both london and frankfurt. and the deutsche boerse ceo will assume the role of the ceo of the combined group. there's talk that ise could come in and try to trump that bid. >>> other stocks to watch today, chipotle announcing its comparable restaurant sales fell by more than 25% last month after all those food safety incidents. the burrito chain also said it could lose up to $1 a share more in the first quarter. sony delaying the...